Nick Felton, SVP, MHR Analytics comments: “Overall, today’s budget has been good news for UK businesses, with pledges to empower infrastructure, slash business rates for retailers and drive uptake of digital skills. Whilst the introduction of a new digital services tax will sound alarm bells for some in the tech sector, we are yet to hear the specifics of how this measure will work, other than it will be targeted exclusively at larger organisations.
What is clear is that with Brexit on the horizon next year, many organisations are preparing for a period of uncertainty, with research suggesting that two thirds are considering boosting IT spending as a precautionary measure. There needs to be more detail in the budget small print about how companies can prepare for these challenges, by boosting technical capabilities and putting data at the heart of financial planning and sustainability.”
